CALGARY, June 5, 2014 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB) ("Stuart Olson" or the "Corporation") today announced that it has
negotiated improved terms and conditions for its $200 million revolving
credit facility (the "Revolver"). The syndicate of lenders remains the
same and the Revolver continues to include a $75 million accordion
feature. The material changes to the Revolver include additional
flexibility in the borrowing covenants such that Senior Debt to EBITDA
and Debt to EBITDA ratios are both permanently increased by 0.25 times
to 2.75 times and 3.25 times, respectively, with an additional increase
of 0.25 times for a period of two quarters following the completion of
a material acquisition or following the maturity date of the currently
outstanding convertible debentures of the Corporation if more than $50
million is utilized from the Revolver in the repayment of those
convertible debentures. The amendment to the Revolver detailing all of
the foregoing changes, along with certain other non-material changes,
will be filed under the Corporation's SEDAR profile at www.sedar.com.

About Stuart Olson

Stuart Olson provides building construction, commercial and industrial
electrical contracting, earthmoving and industrial insulation services
to an array of public and private sector clients. Stuart Olson operates
office locations throughout British Columbia, Alberta, Saskatchewan,
Manitoba and Ontario. Stuart Olson's common shares and convertible
debentures are listed on the Toronto Stock Exchange under the symbols
"SOX" and "SOX.DB", respectively. www.stuartolson.com